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Overall, reinsurers accepted that rate cuts were still leaving them with strong margins. -
A quick roundup of our best journalism for the week.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The 2024 hurricane season stayed within predictions for high activity but lacked market-moving events.
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The loss figure has increased 200% from the initial number provided in October.
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It is targeting $25mn GWP this year and $50mn GWP in 2025.
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Fema's traditional reinsurance programme will attach at losses of $7bn and above.
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The carrier increased specialty premium by 39% by the nine-month mark.
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The firm will provide an update on November 22 to avoid holiday season.
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Insured losses for 9M 2024 have hit $102bn, according to a report.
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The company said $13bn-$22bn will come from wind damage.
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Daniel Boisvert will join the company’s Connecticut office.
